ESCP Europe

This book presents and in-depth analysis of several of the leading causes of the subprime crisis, as well as the subsequent measures that were used to contain a widespread economic recession. It starts with an analysis of the underlyingcauses of the subprime mortgage crisis, then seek explanation for the expansion in subprime credit and housing prices in the 2000s that led to the creation of a bubble. It tackles also the facts behind the Great recession, and the legal frameworks and policy regarding the foreclosures process. @preface